Partner Priit Pahapill and his team advised on the acquisition of Ekspress Hotline which was owned by Tallinn listed media enterprise Ekspress Grupp. Ekspress Hotline is the leading yellow pages and information supplier in Estonia.
As a result of the transaction, leading Baltic private and venture capital investor BaltCap will own all brands belonging to the Hotline portfolio including Ekspress Hotline, Kõnekeskus, Ekspresskataloogid, and Infoatlas. The value of the deal amounts to 4.8 mio. EUR.
We assisted BaltCap in carrying out legal due diligence of the target company, organizing and negotiating financing of the transaction, relevant documents, and obtaining merger clearance from the Estonian Competition Authority.